21 Jan 2026 | 3 Mins Read
Jio valuation to reach $190 billion by 2028: CLSA
Flipitmoney
CLSA forecasts Jio Platforms' enterprise valuation to reach $190 billion by March 2028. The brokerage raises its 12-month target price on Reliance Industries to Rs 1,800 and reiterates an "Outperform" rating. Jio's free cash flow is expected to jump from $1.7 billion in FY25 to $8.7 billion in FY29, driving Ebitda margins above 60%.